Crypto Prices Dip With Early Comments Ahead Of Jerome Powell Speech Today

Powell Speech Today: In reaction to hawkish comments ahead of the Powell speech today, the Bitcoin price dipped by around 1.30% in the last one hour, according to CoinGape price tracker. Powell’s comments said the latest economic data have come in stronger than expected, which suggests that the ultimate level of interest rates is likely to be higher than previously anticipated. This could potentially have a significant impact on crypto news as the market already is reeling from the effects of Silvergate crisis.